ABFRL net loss widens in Q3, but revenue up 8%

Aditya Birla Fashion and Retail (ABFRL) has reported a challenging third quarter, with its consolidated net loss expanding to ₹152 crore. This marks a significant increase from the ₹29 crore loss recorded in the same period last year. Despite the widened losses, the company's revenue showed a positive trajectory, growing by 8% to reach ₹3,075 crore, reflecting a resilient demand for its diverse range of apparel and lifestyle products. The increase in revenue can be attributed to ABFRL's strategic expansion across various retail channels and its continued efforts to enhance brand presence in key markets. The company's focus on digital transformation and e-commerce has played a crucial role in reaching a broader customer base, especially during the festive season. However, rising operational costs and supply chain disruptions have impacted profitability, highlighting the complex landscape in which the company operates. Looking ahead, ABFRL remains optimistic about its growth prospects, with plans to further strengthen its brand portfolio and enhance customer experience. The company is committed to navigating the challenges posed by the current economic environment while capitalizing on emerging opportunities in the fashion retail sector. Investors and stakeholders will be keenly watching how ABFRL manages to balance its financial performance with strategic growth initiatives in the coming quarters.

— Authored by Next24 Live